Public Contracts - As introduced, enacts the "Tennessee Businesses First Act," which requires local governmental entities to provide a 30-day local bidding period for certain contracts, during which only local businesses may submit bids; creates a bidding preference for local businesses. - Amends TCA Title 9 and Title 12.

SB 2672, the "Tennessee Businesses First Act," requires Tennessee counties, municipalities, and local education agencies to create a 30-day exclusive bidding period for local businesses on public contracts exceeding $25,000 (or $50,000 for entities without centralized purchasing). To qualify as a "local business," a company must have a physical office in the county for at least 12 months, employ local residents, and be registered in Tennessee. During the 30-day period, only local businesses can bid, and if multiple local bids are received, the lowest responsible bidder gets the contract - though local businesses can match lower out-of-county bids after the period to retain the contract. The law mandates annual reporting on contracts awarded to local businesses, dollars retained locally, and job creation impacts.